MFG magellan financial group limited

Could someone explain how this options issue works?I understand...

  1. 29 Posts.
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    Could someone explain how this options issue works?

    I understand for 8 shares you get 1 option to exercise for 1 more ordinary share. Does the exercise price of $35 mean you purchase or sell that share at $35?

    Also when issuing these options would it dilute shareholders?

    Need a simple explanation for a peanut brain.

 
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(20min delay)
Last
$8.41
Change
0.080(0.96%)
Mkt cap ! $1.452B
Open High Low Value Volume
$8.31 $8.41 $8.20 $12.67M 1.511M

Buyers (Bids)

No. Vol. Price($)
1 5667 $8.39
 

Sellers (Offers)

Price($) Vol. No.
$8.41 15509 3
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Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
MFG (ASX) Chart
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